Connexion

Aker Solutions records €4.4 billion in orders

Aker Solutions posts positive financial results, with order book up 30% on the same period in 2020.|Aker Solutions posts positive financial results, with order book up 30% on the same period in 2020.

Partagez:

Aker Solutions posts a positive financial balance sheet, with an order book up 30% on 2020.
The Norwegian group is winning contract after contract, aiming for 2021 sales of NOK 28 billion, or over 2.6 billion euros.

Aker Solutions: NOK12.2 billion in orders in Q2 2021

The Group’s order book is up 30% in the second quarter compared with the same period last year.
Orders for the quarter totalled no less than NOK 12.2 billion.
The strongest increase in order intake for several years takes the order book to NOK 45.8 billion, or 4.4 billion euros.

Numerous projects in progress

Aker Solutions has signed several contracts, initially for oil and gas projects.
In fact, the group will be working with Petrobras in Brazil, Shell, Equinor and Hasselmus in Norway, and TotalEnergies in West Africa.
But it’s not stopping there, either, and is also developing projects as part of the energy transition.
Together with ScottishPower Renewables, Aker is developing the East Anglia THREE offshore wind project, the contract for which will run until mid-2022.
In addition, the company is deploying an electric fuel installation aimed at reducing the carbon footprint, for Nordic Electrofuel.
This will involve the production of carbon-neutral synthetic fuels, fossil-based substitutes such as hydrogen.

The company is committed to the energy transition

While Aker Solutions intends to maintain its leading position in oil and gas projects, it also plans to develop other activities.
In particular, it is focusing on renewable energies and low-carbon solutions for oil and gas.

“For the future energy mix, we are one of the few subcontractors able to provide complete solutions,” says the CEO of Aker Solutions.

Indeed, orders related to the energy transition accounted for 60% of the total for the second quarter of 2021.
Finally, if Aker is on target, it hopes to achieve sales of around NOK 28 billion for 2021.

  • Populaires ​
Octopus Energy launches $60 million fund for African energy
Indonesia and Russia strengthen strategic partnership on civil nuclear energy
TerraPower raises $650 million with NVIDIA for modular reactors
South Sudan seeks China’s assistance to revive its oil fields
France sets renewable energy target of 200 TWh by 2030
Statkraft announces $292 million cuts amid European financial pressures
Norwegian group Statkraft plans an annual cost reduction of NOK2.9bn ($292 million) by 2027, citing possible job cuts amid rising financial burdens and volatility in the European energy market.
EDF establishes EDF power solutions to consolidate international low-carbon activities
EDF merges EDF Renouvelables and its International Division into EDF power solutions, led by Béatrice Buffon, to optimise its global 31 GW low-carbon energy portfolio and strengthen its international positioning.
TotalEnergies and Mistral AI Launch AI Laboratory Focused on Industrial Optimization
TotalEnergies announces a strategic partnership with Mistral AI to establish a dedicated innovation laboratory integrating artificial intelligence tools aimed at enhancing industrial efficiency, research, and customer relations.
ETC warns of trade tensions linked to clean energy supply chains
The Energy Transitions Commission warns of economic risks tied to growing protectionism around clean technologies, while calling for global consensus on carbon pricing.
Baker Hughes sells sensor division to Crane for $1.15bn
Baker Hughes has reached an agreement to sell its precision sensor product line to Crane Company for $1.15bn, thereby refocusing its operations on core competencies in industrial and energy technologies.
Baker Hughes
KKR and PSP inject $2.82bn into AEP’s US transmission network
American conglomerate American Electric Power sold 19.9% of two transmission subsidiaries to KKR and PSP Investments, raising $2.82bn to support its five-year $54bn investment plan.
Israel identifies 165 key companies in the 2025 energy tech landscape
The new mapping by Startup Nation Central identifies 165 active companies in Israel’s energy technologies, amid strong private funding and growing global market interest.
Bernard Fontana Launches 30% Cost Reduction Plan at EDF
The new CEO of EDF, Bernard Fontana, aims to achieve €1 billion in operational cost savings for the French energy giant by 2030, prioritizing industrial contracts and the national nuclear sector.
CMS Energy launches debt repurchase offer for $125 million
CMS Energy Corporation has announced a cash tender offer for debt securities totalling $125 million, issued by Consumers Energy. The offer expires on July 3, 2025, with priority given to bonds submitted before June 17, 2025.
Vermilion Energy sells U.S. assets for $87.88mn and adjusts its forecasts
Vermilion Energy is exiting the U.S. market permanently by selling its assets for C$120mn ($87.88mn), refocusing its operations on Canada and Europe while reducing its debt and investment budget.
Eni Pays €8.4 Billion to Energy-Producing Countries in 2024
In 2024, Italian energy giant Eni paid approximately €8.4 billion to various global governments. These payments, primarily concentrated in Africa and Asia, reflect its commitments in the international energy sector.
Global energy investment to reach record $3.3tn in 2025, says IEA
The International Energy Agency projects a record-high global energy investment in 2025, driven by electricity and low-carbon technologies despite geopolitical and economic uncertainty.
Suspicion of Collusion: Formal Investigation Launched into Czech Energy Auction
The Czech regulatory authority launches an investigation into suspected collusion involving several major actors in the awarding of a thermal power plant, putting transparency of a strategic transaction for the energy sector at stake.
DR Congo replaces cobalt export ban with quota system
The Democratic Republic of Congo is set to replace its temporary ban on cobalt hydroxide exports with quotas, aiming to balance global demand, secure revenue, and stabilize market fluctuations.
European Energy secures EUR 145mn loan for wind and solar projects in Lithuania
European Energy secured EUR 145mn in financing from SEB and Swedbank to support wind, solar, and storage assets in Lithuania, reinforcing its regional expansion strategy.
Greenvolt sells 231 MW of energy projects in Spain to Transiziona for €195mn
Greenvolt Group finalised the sale of 28 solar and wind projects to Transiziona, valued at €195mn, bringing total asset sales to €530mn in 2025 as part of its pan-European strategy.
Aegis Vopak Terminals goes public in Mumbai with €2.7bn valuation
Royal Vopak’s Indian joint venture rose nearly 3% on its first trading day in Mumbai, reaching an implied valuation of €2.7bn ($2.93bn).
Davidson Kempner acquires Swire Energy Services to strengthen offshore presence
US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.
ACWA Power to invest up to $10 billion in Malaysia for energy projects
Saudi-based ACWA Power has signed strategic agreements in Malaysia to develop up to 12.5 GW of energy capacity by 2040, with a potential investment of $10 billion.
Fusion Fuel plans £50mn strategic acquisition in UK fuel distribution
Fusion Fuel Green has signed a preliminary agreement to acquire a private UK-based fuel distribution company generating $58mn in revenue, through a £50mn debt-equity structured transaction.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS